Workiva (WK) PT Raised to $92 at Stifel

Stifel analyst Brad Reback raised the price target on Workiva (NYSE: WK) to $92.00 (from $85.00) while maintaining a Buy rating.

The analyst comments "On Tuesday, we attended Workiva’s in-person Investor Day, held alongside its annual customer conference, Workiva Amplify. Management reiterated its 2027 and 2030 operating models, while raising its 2027 adjusted operating margin target to 18% from 16%, reflecting expected sales and marketing efficiencies driven by a continued focus on productivity. This is clearly an area where Workiva trails similarly sized peers. The event emphasized the Workiva platform as a unified solution for financial reporting, GRC, and sustainability. Management introduced new AI capabilities, which will be partly monetized through recently announced “Essentials, Standard, Advanced” pricing tiers. While acknowledging some moderation in demand for sustainability solutions, the company emphasized its broad-based $35B TAM, with 50% attributed to financial reporting, 20% to GRC, and 20% to sustainability. Conversations with customers suggested positive sentiment, with some citing the platform’s value in automating workflows, quick implementation timelines and plans to expand their use of Workiva’s solutions."

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